We are pleased to upgrade the Vontobel TwentyFour Absolute Return Credit fund from a Positive Prospect to a A rating. Whilst the strategy is still relatively new as the fund was launched in August 2015, the fund has managed to weather several market dips in this time and our positive view in the two managers has grown stronger over time, as we have had the opportunity to observe their actions and management, which have been consistent and in line with their investment ethos and style.